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If someone else enrolled an individual in your tax family in coverage, and APTC was paid for that individuals coverage, you must file Form 8962 to reconcile the APTC. You need to obtain a copy of the Form 1095-A from the person who enrolled the individual.
Your annual income must fall within specific brackets to qualify for ACA assistance. For 2023, individuals earning between $13,590 and $54,360 or families of four earning between $27,750 and $111,000, are eligible to explore these vital benefits.
For the 2023 plan year: The out-of-pocket limit for a Marketplace plan cant be more than $9,100 for an individual and $18,200 for a family.
For the 2023 tax year, the excess subsidy repayment limits will vary from $350 to $3,000, depending on income and tax filing status (as always, repayment caps only apply if your income is under 400% of the poverty level; at or above that amount, any excess premium tax credit must be repaid, regardless of how much it is
If at the end of the year youve taken more premium tax credit in advance than youre due based on your final income, youll have to pay back the excess when you file your federal tax return. If youve taken less than you qualify for, youll get the difference back.
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The consumers APTC is based on the estimated annual household income and the household size that the consumer reports on their Marketplace application. The consumers PTC is determined after the end of the year based on the actual household income and household size for the year at tax filing.
The credit provides financial assistance to pay the premiums for the qualified health plan offered through a Marketplace by reducing the amount of tax you owe, giving you a refund, or increasing your refund amount. You must file Form 8962 to compute and take the PTC on your tax return.
For the 2023 tax year, the excess subsidy repayment limits will vary from $350 to $3,000, depending on income and tax filing status (as always, repayment caps only apply if your income is under 400% of the poverty level; at or above that amount, any excess premium tax credit must be repaid, regardless of how much it is

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